Ratification Does Need to Be Express; It May Be Implied

question 54

True/False

Ratification does need to be express; it may be implied from the minor's conduct.

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Definitions:

Proprietorship

A business owned and operated by a single individual, where there is no legal distinction between the owner and the business entity.

Interest Rates

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

Expected Inflation

The rate at which the general level of prices for goods and services is anticipated to rise over a specific period.

Fund Providers

Entities or individuals that supply capital or resources to investments, projects, or businesses.